Asked by Carissa Galvan on Jun 04, 2024
Verified
The most effective entrepreneurial leaders of fast-growth companies avoid linking job performance standards to a business plan practice top-down management and administration.
Business Plan
A formal written document that outlines a company's objectives, strategies, market analysis, financial forecasts, and management plan.
Top-down Management
A management style where decision-making authority is concentrated at the top level of the organization and decisions are handed down to lower levels.
- Acquire knowledge on the criticality of established exit strategies and management methods within quickly growing businesses.
Verified Answer
CM
Collin McCaffreyJun 06, 2024
Final Answer :
False
Explanation :
The statement is false. Effective entrepreneurial leaders often link job performance standards to a business plan and utilize a mix of top-down and bottom-up management approaches. They also prioritize delegation, innovation, and collaboration within their organizational structure.
Learning Objectives
- Acquire knowledge on the criticality of established exit strategies and management methods within quickly growing businesses.